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please answer, will give thumbs up! Building Blocks Construction has no debt, and its value is $400.0000 million. Cubicon Construction is otherwise identical but levered
please answer, will give thumbs up!
Building Blocks Construction has no debt, and its value is $400.0000 million. Cubicon Construction is otherwise identical but levered with $160.000 million in debt. Under the different models, what is the value of Cubicon Construction if its corporate tax rate is 33%, the personal tax rate on equity is 10%, and the personal tax rate on debt is 28%7 (Note: Do not round intermediate calculations.) Cubicon Construction Volue (Millions of dollars) $400.0000 Model MM without tax MM with corporate taxes Miller with corporate and personal taxes $369.6000 $400.0000 Consider the following information: $532.0000 $452.8000 Step by Step Solution
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